Dear readers, another week has passed, we arrived before returning to slightly below 14,000. Now the week is closed at 13,986, above 13,861, above 13,765.
we are above all levels and is therefore useless to open new short. The market, as it has developed, can climb above 14,300 and then who knows where. In time we are in the area of \u200b\u200bmaximum, but this extends for a long time, yet, so it does not open any short. Obviously, to each his own sensibility to close those in the portfolio at a loss.
We do not close at all, convinced that:
1) should meet the golden rule
2) We may make mistakes in assessing the climb now
3) After the climb is always down
4) Until proven otherwise, we are in end of the cycle in 16 years, started from 8220 in 2000.
But there is no doubt that we are taking to reverse this cycle blessed to five years from June 2010 and is no doubt that the situation makes us suffer a lot from the side edges. For some time, we will take this event as a valid test of money management, or as a demonstration to all the readers of the blog, that the stop loss in the long run does not pay, but only generates losses.
For the moment, it is clear, certain and everything is clear, we are in the weakest part of the reasoning. We are in the losses, are wrong, we are vulnerable to criticism, so it is clear that the stock market is all true and its opposite. The only reason is the current account balance and the goal is to stay afloat without losses from trading pending the recovery of the dollar.
made this whining and painful (for us) premise, let's see GPS with the cycle in place, where we are in the second semester.
The new 5-year cycle started on June 6 to 11,875.
The first half-year has made a top and a bottom at 14,281 to 12,872 9 January 2011. Duration 155 days.
The first six months of the new monthly cycle has a top and a bottom at 13,861 to 13,427 on Feb. 13, lasted 25 days.
We are now in the second month of the new half-yearly, to be exact to the 14-th day, so we are going to the end of second month.
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